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Commerce and industry minister Piyush Goyal Monday said that exports of gems and jewellery, textiles and leather goods, which are Indias strength areas, are currently under stress. At an event organised by the Bombay Chamber of Commerce and Industry, he also said that Europe and the US are under stress, commodity prices and demand have softened, and discretionary spending is lukewarm.
Commerce and industry minister Piyush Goyal Monday said that exports of gems and jewellery, textiles and leather goods, which are Indias strength areas, are currently under stress. At an event organised by the Bombay Chamber of Commerce and Industry, he also said that Europe and the US are under stress, commodity prices and demand have softened, and discretionary spending is lukewarm.